(Francois Flamand DPPI for Renault Sport F1)
Following speculation earlier this week that the Caterham F1 Team would fold with immediate affect and not race in Austria next weekend, team owner Tony Fernandes has taken to Twitter to say:
'Caterham F1 will be racing in Austria. There is no question.'
Reports earlier this week suggested that duo to budget concerns the team would not be in Austria. But this is not the case. Firstly the team are currently in Russia for a Formula One debut with Robin Frijns behind the wheel.
The team would not have gone to Russia if they were not going to be at the Austrian Grand Prix next weekend.
The team confirmed recently that it is not for sale but that they are always looking for investors.
© Ben Johsnton 2014